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20121205
20121213
STATION
CNNW 4
CNN 1
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English 16
Search Results 0 to 15 of about 16 (some duplicates have been removed)
closer together? >> reporter: there are two important signs today. speaker, house speaker john boehner met with president obama at the. we don't know how long they met or exactly what they talked about, but the white house says lines of communication are open and face-to-face meeting is on important. at the same time republicans say they will accept the demands for higher taxes on the wealthy if it goes along with spending cuts entitlements like medicare and social security. listen.... >> a lot of people are putting forth a theory. i think it has merit where you give the president 2% increase he is talking about on the top 2 percent. i am beginning to believe that is the best route for us to take. >> reporter: many other republicans, of course, standing firm against any tax increase. they could give the speaker a hard time if he tries to pass the kind of legislation corker was talking about there. >> and how are the democrats reacting to accept the higher tax rates? >> reporter: they are happy to see movement was made toward the president's position but speaker boehner has not embraced
now it is the president, speaker boehner, and perhaps mcconnell and perhaps pelosi but right now --. >>neil: the best-case-scenario we hear, senator, is republicans agree to hike the taxes depending on the details with a promise they will address spending next year. republicans argue they have been that way before. >>guest: i have bench front property in arizona if you would accept that deal. >>neil: you would not? >>guest: no, i would not. >>neil: you want to see the cuts now? >>guest: in 1986 ronald reagan sat down with the democrats. they had a deal. that was cut spending for $3 for every dollar they raise in taxes. guess what? they raised the taxes and never cut the spending. there is reason for us to be cautious about that. there has to be a way through this. maybe it will take the market starting to send a signal and people taking actions in anticipation of this raising of the taxes. do you know an economist that doesn't believe we will not go into a recession. >>neil: the markets do not lately seem to be too worried. do you think no deal is better than a bad deal? >>guest:
to speaker boehner yesterday he is reading reports that the president is trying to slow walk this thing. listen to the speaker. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> there are a lot of things that are possible to put the rev that the president seeks on the table, but nope of it is going to be possible. the president insists on his position. insists on my way or the highway. that's not the way to get to an agreement that i think is important for the american people and very important for our economy. >> there you go. so that's what speaker boehner's office is saying. they had a phone call on thursday. but people wondering if they are not even talking at all anymore. >> he said this is no way to an agreement there should be compromise. if you are elected official you should represent all of the united states and you should compromise and hear both sides. >> i think you should go off the fiscal cliff. americans are barreling down the road that's debt. there is a fork in the road. on the left are
in the phone call between speaker of the house john boehner and president of the united states, barack obama. did they come to a conclusion. it is now the president's turn. >> brian: it is a week since the president and speaker talked. i do not know at of this moment who called who. >> steve: we know no details. >> brian: it is good there is no details. i just talked to the president and he's not listening to me . i talked to the speaker and he dug in. that is a good sign. >> steve: keep in mind, the last offer on the table was made by the republicans. the republicans are waiting for a counter offer. the white house said that is not serious, we are waiting for a offer from the republicans. tim geithner was on cnbc yesterday and asked whether or not the federal government is preparing to go off the fiscal cliff in particular this administration. he answered unfortunately in the affirmative. here's tim. >> if republicans do not agree to that is the administration prepared to go over the fiscal cliff. >> we face no prospect of agreement that doesn't involve the rates going up on the top two per
would raise taxes for the wealthiest americans. he met yesterday with house speaker john boehner, their first face to face meeting in more than three weeks. today the president will visit a detroit engine factory to rally support from auto workers. the president's meeting with speaker boehner didn't yield a big breakthrough, but the men did manage to agree on one thing, and that is that they will keep their negotiations behind closed doors. the men released this identical statement, saying this afternoon the president and speaker boehner met at the white house to discuss efforts to resolve the fiscal cliff. we're not reading out details of the conversation, but the lines of communication remain open. cnn's dan lothian is at the white house this morning. dan, i guess the fact that the lines of communication are open is a good sign. >> reporter: that's right. it is a good sign. it was just about a week ago that we were reporting about how nothing was going on, not in public and not in private. aides up on the hill, republican aides telling us there were no phone calls, no e-mails,
speaker boehner and their aides hold private talks americans wait to see if their tax rate will go up january 1st. for some without a job they risk losing unemployment. kyung lah talks with a woman who has been out of work a year while trying to raise two children. >> reporter: liz calls it a financial freefall. >> i wish i wasn't in this situation but it is what it is, and i could just do what i can. >> reporter: de bats lost her job as a new home sales manager last january. on an old laptop with a broken cord she keeps track, averaging 15 applications a day, at age 54, this is the first time she's ever been on unemployment. she's emptied out her 401(k), her savings and now the last resort, the emergency federal jobless program has department de bats in her town home giving her $450 a week. on december 29th unless the congress acts, the money stops. >> we're not living off the system. it's not a luxury to be on unemployment. it's a means to keep us going. >> reporter: the fear of the fiscal cliff isn't just here in this suburban neighborhood. in the states with the highest unemployme
know, i saw that plan, that letter that boehner sent me and not going to do it even though it is the first time the republicans went on record saying they are willing to raise revenues. the president said they have to raise the rates. he looked less like monte hall and more like monte burns. itch >> gretchen: he will not hold more meetings or face to face until the republicans agree to increase the tax rates. so what was on the paper yesterday was the idea to still increase revenue without increasing the actual tax rate by getting rid of the deductions and loop holes. that is not acceptable . it au pairs a hard line stance now and the meetings are off. >> brian: they talked about a two-step process. maybe we can leave the tax rates except the horrible people that make a lot of money. leave those tax rates in place and do the hard stuff in the second half . year and of course, we have the, the debt ceiling that has to be raised in a month. if the president gets his way and forces the hand of republicans to accept something they will not forget that and he will have another b
obama speaks out following a sunday face-to-face meeting with house speaker john boehner. today, the president took his pitch to michigan. we look at the prospect of negotiating settlement with karl rove and joe trippi. they are back. they have numbers but no electoral maps. suppose both sides get a deal done in the next few days. what would the timeline look like for beating the end of the year deadline. we get out the crystal ball and calendars. brit hume has analysis on how a deal could get done. new video shows use of chemical weapons by the government. and california is going all in on solar power but a lot of californians say solar is taxpayer and consumer ripoff. "special report" starts at 6:00 eastern now. back to new york and my colleagues with "the five." ♪ ♪ >> dana: all right. several new developments to report on the royal phone prank in the u.k. radio station has taken the two d.j.s off the air who called the hospital where princess kate was being treated. they duped nurses to thinking they were the queen and prince charles. the nurse who put through their call
the speaker of the house john boehner is talking about. he offered president obama, we'll close the tax loop holes. is that what he's talking about? >> that's what he's talking about . they will save a lot of money. but when we hear information like this, it is tough for people to get perspective and understand what is going to take place . we hear head leans and think close tax loop holes and they are confusing. but the american people needs to know, if loop holes will close. it is not just google. it is amazon and general electric. all of these companies use the loop holes because they are judged on profitability. we'll continue to see this unless we change. >> gretchen: these universitis and companis and have given to different administrations. this is the obama 2012 campaign. university of the california a million. microsoft 761,000 . google 737,000. et cetera and what do they get in return, ed, for giving that money. >> they usually get to bring attention to this andcontinue to do it in a vacume. the president could say . we have a problem. google avoided paying taxs and we need to chan
the pharmacy counter. no prescription needed. >>> president obama picking up the phone to give john boehner a call after both traded fiscal cliff proposals. neither sealed a deal, so we're now 20 days away from almost $500 billion this automatic tax hikes and spending cuts. i sound like a broken record. along with the potential for a new recession. shannon travis is following the deal make. do we know what was in the proposals? >> we're getting details in drips and drabs. the white house has offered according to a source telling cnn to basically revise their revenue target. p president obama originally proposed $1.6 trillion in new revenue. he wants to raise the tax rates on the wealthiest americans. now we're being told that he's revised that number down to $1.4 trillion. that's obviously a difference of $200 billion. a democratic aide also telling cnn, i'll read the quote, that offer was coupled with a serious spending cut number with real entitlement reform. so that's from the white house side. on the counterproposal from the republicans, we don't have a lot of details on that, but from
. this is fresh on the heels of his first private meeting with johnn boehner on the fiscal cliff subject. they met in the white house to discuss the differing plans and the communication lines between the two remain open. that could be a positive look since we are just three weeks away from the fiscal cliff. >> brian: we know nothing about what happened. >> gretchen: it is great. you get both sides saying he said this and she said. in this case both hings. we are hearing from the two men. when taxpayer money paid for bowles and simpson to come together to try to figure out what to do with the debsituation. that's what they came up with . a republican and democrat and sat together and this is the way washington was set up to work. theirr findings were ignored by the president and other members of congress . now they are speaking out. listen closely to the first sound bite. this is bowles, a democrat talking about the need for spending cuts. >> most important thing if we are going to raise ref new and raise it in any form we darn well better cut spending it is the biggest part of the problem . the b
was married to a specific rate. as for house speaker boehner who he met with yesterday at the white house, he said the gop offer remains the same, no rate hikes. however, there were more signs over the weekend that republican unity may be cracking a little bit with a number of lawmakers who want to take the tax issue off the table asap. >> there is a growing group of folks looking at this and realizes we don't have a lot of cards as it relates to the tax issue before year end. we have one house, that's it. the presidency and the senate is in the democrats' hands. a lot of people are putting forth a theory. i actually think it has merit. i actually am beginning to believe that's the best route for us to take. >> what we ought to be working on is the other 93% because even if you do what he wants to do on tax rates, you only affect 7% of the deficit. what we have done is spend ourselves into a hole. we're not going to raise taxes and borrow money and get out of it. so will i accept the tax increase as a part of a deal to actually solve our problems? yes. >> a number of recent polls show america
Search Results 0 to 15 of about 16 (some duplicates have been removed)